Hurricane Energy Share Discussion Threads

[bodroll] 16/3/2019 16:21

Thanks Guardian - I think that goes a long way to explain how it may work.

[laserdisc] 16/3/2019 16:18

yes snap same video ,

[the guardian] 16/3/2019 16:16

Sorry laser, I was typing my explanation while you were submitting yours but it looks like we are saying the same.

PS. Unless the AM slows down, it looks like it will arrive early at Lancaster

[the guardian] 16/3/2019 16:13

bodroll,

I'm only guessing here, but it has to be a double bearing system or as you say, there would be a possibility that the pipework would get tangled or fatigued. If you look at the animation below, the turret system allows movement of the ship with respect to the buoy.

The large mechanism that drops down and engages the buoy after docking, presumably contains another bearing in the form of some sort of pressurised movable flange which allows the the upper pipework to be stationary relative to the ship, whilst the the bottom part is stationary with respect to the buoy.

[laserdisc] 16/3/2019 16:08

had a quick look on u tube found this ,not really done in depth search there will be better videos

[laserdisc] 16/3/2019 15:56

I am not that technical minded but its the swivel design that eliminates that problem I think

[bodroll] 16/3/2019 15:48

Thanks Laser - so there is only one pipeline from the swivel at any one time? If more than one they could tangle.

[laserdisc] 16/3/2019 15:38

Bodroll, may help under the tab various turrets see
Disconnectable Internal Turret Mooring systems

In the turret a swivel provides the fluid transfer path between the geostatic part and the free weathervaning vessel that rotates around the turret.

[undervalued companies] 16/3/2019 15:36

Chris oil taken a big position follow him @chrisoil Twitter

[buzzzzzzzz] 16/3/2019 15:31

BH

With DM should not need any cabling!

[bodroll] 16/3/2019 15:30

I hardly ever post, but I enjoy reading most comments on here. HUR is, by far, my largest investment and I'm hoping to make significant gains here to make up for large losses elsewhere. But I do have a question- I broadly understand the turret concept to allow the AM to weathervane, thus avoiding pipeline tangles; but what about aboard the AM? How is the oil distributed to the tanks? If pipelines are involved how are tangles avoided when the AM weathervanes around the turret? Ignorance is bliss but I am curious. Again, thanks for the informative posts.

[the guardian] 16/3/2019 15:22

Marine traffic is now showing destination for Atlantic Merlin, Havila Jupiter and Havila Venus as Lerwick. All due to arrive early evening.

[gibso6767] 16/3/2019 14:54

To be honest I’m hoping for no price movement this year or financial year meaning ISA , transfer plus 2019/20 entitlement.

Not being a curmudgeon but I don’t envisage much above 55p or so , alternatively massive buys on hooking up completion , but I reckon lots of horses are already in the race and on production figures ie Quarterlys proving up reservoirs abilities then climb hopefully in unison with drilling results , testing

[bountyhunter] 16/3/2019 14:42

Although the swell is below 2m all day Tuesday it's going to be gusty so maybe a few tug lines would help stabilise the AM during the critical final stage - just have to wait and see though.

[laserdisc] 16/3/2019 14:40

Atlantic merlin not showing for kracken port arrivals

[whiteslice] 16/3/2019 14:37

Laser - Just thinking same, all seem to be heading to Lerwick or possibly Lancaster(??). I wonder if they may be going to act as tugs for AM during hook-up before heading off to Kracken. I know AM has DP but maybe belt & braces approach - I know nothing - just thinking out loud,,

[laserdisc] 16/3/2019 14:28

all ahv 's on a course of around 340 not correct course I would have thought for kracken

[bountyhunter] 16/3/2019 13:52

Thanks laser, 1st April is not too far away so assuming hookup is successful this time around we could have a rewarding month ahead with hookup, drilling and first oil all now anticipated within that time.

[fatnacker] 16/3/2019 13:48

Continuous maintenance at sea lazer.

[laserdisc] 16/3/2019 13:07

flight now returning to Dyce



Havila Venus not going to kracken into Lerwick This vessel has ROV


although this is an Enquest charter wonder whether its a shared vessel with Hurricane.


re the rig it did have a repair whilst with Enquest would they do repair with full maintenance ?, what maintenance needs doing when a rig is trf to a new contract ? are Rigs serviced on going whilst on drill, or are they taken out of field, something to bear in mind , I don't know

the kingfisher bulletin states Lincoln drill on or about 1st April

[whitegold1] 16/3/2019 12:45

Hi Gibso ... you.re right. Do you think bp when looking over the hurr data thought hook up was an issue? No, but its part of the derisk- hence share price rise. If the reservoir data is canny, which we hope it will be, the share price rise may be to 80p+ ...lets hope so. There is risk here, or the likes of bp et al would have bought in. They didnt. For me, its still a good bet provided your portfolio is sanely spread. Fingers crossed longer term reservoir data is as thought. Gonna be great watching the tankers, estimated loads etc Marine T could blow up. Lol.

[francis55] 16/3/2019 11:57

Exciting time. So at least 50p-52p by Monday pm. Hook up news Wed talking us to closer 60p by Wed. Profits taken drops back to 57.5p until first flow info 24 to 30 days where at least 50% growth to circa 85p...

[bountyhunter] 16/3/2019 11:47

Re the new rope it was not one of Steve's posts I was thinking of earlier, found it now!

#42335

[gibso6767] 16/3/2019 11:26

Reasonably certain re winch , Rope , Etc has had few checks , mods and tweets and testing

[gulfharbour] 16/3/2019 10:55

Great post by Steve73 on 10th March, which should be a must-read for any prospective HUR investor.

Patience has certainly been required with HUR, but fingers crossed that patience will be rewarded soon.

Although it is impossible to predict with accuracy, I expect share price to rise to at least 55p on successful hook-up. based on 2 things.

First, we hit 50p at last unsuccessful hook-up attempt, and second the share price back at start of Feb was $62 and it is now just under $68.
I do not expect a smooth ride in share price as we approach and pass through FOIL and GWA drilling, so traders will probably be active in the next 2-3 months (By the way I am a LTH not a trader).

If we were lucky enough to go to 55-60p after hook up, I would consider top-slicing 25% to lock in some profit, but the rest I would plan to hold at last until further major news (GWA drilling success, better than expected flow rates, or even predator interest which must be on the cards if GWA drilling provides great results)

WTFDIK, DYOR etc